Long-Term Disability
(Paycheque Insurance)

This benefit provide financial protection for you in the event of a long-term absence from work due to illness or injury. In other words it replaces your paycheque while not at work. Long-Term Disability coverage is generally two thirds (2/3) of your salary and comes into effect after a period of time of being absent from work. The period of time varies depending on the wording of the insurance policy.